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[QUOTE="Mikhail Kurakin, post: 196399, member: 2368"] USD/CHF: waiting for the US-Russia presidents’ summit Current trend The USD/CHF pair grows due to a slight USD increase, trading at the level of 0.8993. Tomorrow in Geneva, within the framework of the Russia-US summit, a personal meeting of Presidents Vladimir Putin and Joe Biden will be, where the parties, among other issues, will discuss the prospects for the development of bilateral relations. Before it, the volatility in the global markets dropped significantly, and the main instruments move without a pronounced trend. CHF is at the levels of the beginning of the week and did not react in any way to yesterday's May PPI, which rose by 0.8% MoM and by 3.2% YoY. USD Index moves in an extremely narrow sideways channel around 90.500, which is the upper border of a wide channel that has been forming for almost a month. Also to the upcoming talks in Geneva, investors are looking forward to today's release of US retail sales data for May, which could decline by 0.7%. On Tuesday, there are also data on industrial production, which are not expected to change. In general, no serious instrument movement before the start of the summit is expected, and the USD/CHF pair may continue trading at current levels. Support and resistance Globally, the price corrects upwards. Technical indicators keep a sell signal but reflect a correction: Alligator indicator’s EMA fluctuations range narrows, and the AO oscillator histogram, being in the sell zone, approaches the transition level. Resistance levels: 0.9036, 0.9138. Support levels: 0.8930, 0.8829. [img]https://media.clawshorns.com/uploads/files/8ab7cdca75af646afa9343a04ca185fd.png[/img] [/QUOTE]
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